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Henry Blodget

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Ad Agencies Better Figure Out the Internet Right Quick

MEDIA • Nike abandons its longtime ad agency Wieden + Kennedy to search for a more digital-savvy firm; Madison Avenue fears its own Internet ignorance. [WSJ] • Has Tribune Co. finally settled on Sam Zell as a buyer? [WSJ] • Sharing a Daytime Emmy with another winner? The National Academy of TV Arts & Sciences is charging $350 for a second statuette. [Variety via Mediabistro] • Life magazine is dead for the third time. Time Inc. announced today that it will discontinue the Life Sunday newspaper supplement on April 20. [Time Inc.]

Blood Money: Blodget vs. Cramer

FINANCIAL • Stock picker Henry Blodget threw a party for his new advice book, The Wall Street Self-Defense Manual, then challenged rival stock picker Jim Cramer to an on-air debate. [DealBreaker] • Vornado finally cried uncle in its battle with the Blackstone Group to buy the nation's largest office landlord. [DealBook/NYT] • Heads are rolling at hedge fund D.B. Zwirn & Co., which was busted in October for misallocating expenses. [NYP]